Sleeping partner: A sleeping partner is an

A sleeping partner is an investor who provides capital but does not manage a business. Learn about the legal structures, responsibilities, advantages, and disadvantages of being a sleeping partner in different industries. In the dynamic realm of modern business, the concept of a sleeping partner is often shrouded in mystery, yet it holds a significant place in the architecture of many successful enterprises. A sleeping partner, also known as a silent partner, is an individual who invests capital into a business... Sleeping Partner: Also known as a dormant partner or a silent partner, this is an investor in an organization (partnership) who has no active role in the administration of the business. However ... He is a sleeping partner, taking his pecuniary profit without any risk. Every local authority that has the power to levy a rate is in the position of a sleeping partner in every enterprise within its bounds. These examples are from corpora and from sources on the web.